First Gas announced today that its sister company, Gas Services New Zealand (GSNZ), has completed the purchase of LPG business, Rockgas, from Contact Energy Ltd (Contact) for $260 million. First Gas chief executive Paul Goodeve said the acquisition complemented the gas transmission and distribution company’s existing business, enabling it to meet customer demand for gas regardless of location. “Rockgas is an exciting opportunity for Gas Services New Zealand and First Gas. “It fits well with our long-term investment approach, which is to diversify our domestic gas offering and grow our business. It will…
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